https://www.taxtmi.com/manuals?id=2493 Valuation under Rule 32(2) permits two methods: (a) compute taxable value as the difference between buying/selling rate and the RBI reference rate multiplied by foreign currency units when transacting with Indian rupees, or if RBI reference rate is unavailable, as one percent of the gross Indian-rupee amount; and for foreign to foreign exchanges, as one percent of the lesser of the two amounts obtained by converting either currency to Indian rupees at the RBI reference rate; (b) alternatively, elect a prescribed slabbed scale of valuation for the financial year. en-us Wed, 15 Mar 2023 15:38:00 +0530 Thu, 12 Oct 2023 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2493 Valuation under Rule 32(2) permits two methods: (a) compute taxable value as the difference between buying/selling rate and the RBI reference rate multiplied by foreign currency units when transacting with Indian rupees, or if RBI reference rate is unavailable, as one percent of the gross Indian-rupee amount; and for foreign to foreign exchanges, as one percent of the lesser of the two amounts obtained by converting either currency to Indian rupees at the RBI reference rate; (b) alternatively, elect a prescribed slabbed scale of valuation for the financial year. Manuals GST Wed, 15 Mar 2023 15:38:00 +0530 https://www.taxtmi.com/manuals?id=2493